Interscope Geffen A&M Records (IGA) is an American umbrella label operating as a unit of Interscope Capitol Labels Group, owned by Universal Music Group. It currently consists of record labels Interscope Records (with its subsidiary, A&M Records) and Geffen Records. It is one of the two umbrella labels that is a part of the Interscope Capitol Label Group, the other being Capitol Music Group.

History

1998–99: Universal Music merger and unit foundation

On December 10, 1998, Canadian distillery and conglomerate Seagram completed its seven-month $10.6 billion plan to acquire PolyGram. Shortly after, Seagram merged PolyGram with Universal Pictures; its music division was merged with recording labels under the music faction of MCA Inc. The expensive merger created what is today, the biggest major music company, Universal Music Group. On time for New Year's Day 1999, Universal Music combined the operations of MCA sister labels Interscope Records and Geffen Records with PolyGram subsidiary A&M Records. The combined labels were altogether consolidated into an umbrella unit known publicly as Interscope Geffen A&M Records. The label unit operated as one of the newly formed Universal Music Group's four umbrella companies; the other three being the Universal Motown Republic Group, Verve Records and The Island Def Jam Music Group. The reorganization, expected to produce $300 million in savings annually, was described by the Los Angeles Times as underscoring the "changing economics and direction of the music business." Interscope co-founders Jimmy Iovine and Ted Field were named co-chairmen of IGA at its launch.

1999: A&M and DGC Records folding, lawsuit and staff layoffs

As a result of the merger, on January 22, three weeks after the PolyGram-UMG merger, both A&M Records and Geffen division DGC Records went dormant with a certainty of artists drafted to either Geffen or Interscope, while a significant percentage of artists and/or bands were dropped from A&M and Geffen. With Geffen now existing as the only active label under the IGA shade, over 280 jobs were eliminated (including 110 from Geffen) and A&M's former Charlie Chaplin studio/Jim Henson company lot offices were closed. Enraged, A&M co-founders Herb Alpert and Jerry Moss filed suit against Universal and parent company Seagram in June for breach of contract, citing a breach of the company's integrity clause following the merger of A&M into IGA and later dormancy. The lawsuit sought over $20 million in damages. The case was settled out of court in March 2003, in exchange for UMG considering A&M as an active one-off label of Interscope Records while its operations in the United Kingdom would be handled by Polydor Records, with sister label Island Records' UK division taking over Geffen's duties. Alpert and Moss received $200 million from Vivendi, a French mass media conglomerate which Seagram merged with in 2000 in exchange for acquiring Universal Pictures and its music division.

2000–03: Recovery and dominance

As independent labels, A&M and Geffen were revered, having had achieved substantial commercial and artistic success. Both had been sold by their founders, however, and suffered from budget restraints and unproductive band signings over the previous years. At the time of the merger, neither labels had hit singles upon the top forties of Billboard charts while Interscope, in turn, had "defined the new sound of young America" with hit records from artists including Dr. Dre, Snoop Dogg, Tupac Shakur, Nine Inch Nails, No Doubt, Limp Bizkit, and Bush, among others. In 2000, thanks to growing integrity of IGA, Universal Music Group became the first music corporation to break the $1 billion mark in earnings before interest, taxes, depreciation, and amortization. The company held the top position in music sales with 28.03% share, with Interscope being the top-selling Universal label, outperforming sister label Def Jam Recordings, with an 8.97% market share. By 2001, Interscope Geffen A&M began to recover commercially, despite the February departure of Ted Field. Over eighteen top forty Billboard hits occurred between the spring and summer of the year. Two of which, Eve's "Let Me Blow Ya Mind" became a top three Billboard Hot 100 hit, helping to garner her the first ever Grammy Award for Best Rap/Sung Collaboration a year later; No Doubt's "Hey Baby" cracked the top five of the chart by October and earned the band their Grammy Award for Best Pop Performance by a Duo or Group with Vocals in 2003. Eve is also known to be one of the five female hip hop rappers to have a number one album on the Billboard 200 with 1999's Let There Be Eve...Ruff Ryders' First Lady, also making her Interscope Geffen A&M's first, and thus far, only female rapper to have a number one Billboard 200 album in the label's catalogue, following the unit's inauguration that year. Meanwhile, No Doubt were recovering from the mediocre performance of their 2000 predecessor, Return of Saturn, with their fourth follow-up, Rock Steady, released on December 11, 2001, performing better, peaking within the top ten of the Billboard 200.